Sept. 10 Webinar Will Review Requirements, Best Practices for Federal Grant Closeout

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The latest webinar from Federal Fund Management Advisor will offer a timely review of the award closeout process, analyzing what the federal rules actually require and identifying best practices for all parties.

Expeditious and proper closeouts are a key measure of grants management effectiveness, regardless of the money’s source. The upcoming Sept. 10 webinar from Federal Fund Management Advisor, “'It’s All Over but the Shouting' — Closing Out Federal Grants and Subgrants: Requirements and Best Practices,” will review the award closeout process by analyzing what the federal rules actually require and identifying best practices for all parties.

Like many grant-related activities, closeout requires careful preparation, attention to important details, and a realization that there is likely to be some continuing accountability. What specifically needs to be done during the closeout process depends on whether an organization is the grantor, recipient or subrecipient. And with the coming Sept. 30 expiration of the authority to spend funds awarded under the American Recovery and Reinvestment Act, there’s an even more urgent reason to pursue closeouts.

Providing a timely review of the closeout process, the Sept. 10 webinar will answer the following questions and more:

  • Who triggers closeout?
  • What is the impact of continuing funding?
  • What’s the “punch list” of required actions?
  • What special requirements cover closing out awards under the Recovery Act?
  • What final reporting is necessary?
  • What effect does the Circular A-133 audit have on closeout?
  • Is a specific “closeout audit” required?
  • How are grant and subgrant charges adjusted?
  • What procedures apply to disposition of grant-acquired property?
  • What effect does having a “provisional/final” indirect cost rate have on closeout?
  • What records have to be kept after closeout and for how long?
  • What is the potential impact of subsequent changes in federal claims?

Visit http://federalfundmanagement.com/webinars/wg320_091013 for more details and registration information.

The webinar will be presented by Bob Lloyd, a respected authority on policies and practices affecting the award, administration and oversight of federal grants, contracts and subawards. Mr. Lloyd has more than 40 years of experience in federal award implementation. Prior to starting his management consulting practice in Washington, D.C., in 1982, he served as the executive director of the Grants Management Advisory Service and held staff positions in two large federally funded organizations. Since then, he has been a consultant, trainer or advisor to award and audit units in 16 federal award-making departments and agencies, and to recipient and subrecipient organizations and their professional advisors located in all 50 states, the District of Columbia, several U.S. territories and 18 foreign countries. He is the principal author of several reference works on federal grants management and audits, and currently serves as contributing editor to Federal Grants News and Federal Auditing News, published jointly by Atlantic Information Services and NACUBO. He also is a Charter Life Member of the National Grants Management Association and served on its Board of Directors for five years.

Attendees of the Live Webinar Can Earn Up to 1.5 CPE Credits
Federal Fund Management Advisor is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org.

About Federal Fund Management Advisor
Federal Fund Management Advisor is an organization that sponsors Federal Funding webinars and delivers free Federal Funding E-Strategies. Go to http://www.FederalFundManagement.com to read the latest E-Strategy, “When Spending Federal Grant Funds, Don’t Forget 'The Washington Post Test.'”

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Shelly Beaird-Francois
Atlantic Information Services
+1 (202) 775-9008 Ext: 3064
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